July 21, 2024

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Ivy Substantial Money Chances Fund Announces Trustee Elections and Classifications

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OVERLAND PARK, Kan.–(Company WIRE)–Ivy High Earnings Alternatives Fund (NYSE: IVH) (the “Fund”) nowadays declared that Joseph Harroz, Jr., Ann D. Borowiec, Jerome D. Abernathy, Janet L. Yeomans and John A. Fry had been elected as Course I Trustees Sandra A.J. Lawrence, Shawn K. Lytle, Thomas L. Bennett and Thomas K. Whitford were elected as Class II Trustees and H. Jeffrey Dobbs, Frances A. Sevilla-Sacasa, Christianna Wooden and Joseph W. Chow had been elected as Course III Trustees, to maintain office until finally the Fund’s 2023, 2021, and 2022 yearly conference, respectively, or until their respective successors are elected and duly experienced.

On December 2, 2020, Waddell & Reed Fiscal, Inc. (“WDR”), the parent enterprise of Ivy Financial investment Administration Firm, the investment decision adviser of the Ivy Money Intricate, and Macquarie Management Holdings, Inc., the U.S. keeping organization for Macquarie Team Limited’s U.S. asset administration enterprise (“Macquarie”), introduced that they experienced entered into an agreement whereby Macquarie would obtain the financial investment management business enterprise of WDR (the “Transaction”). The Transaction closed on April 30, 2021. The Fund is now part of Delaware Funds by Macquarie (the “Delaware Funds”) and is managed by Delaware Administration Corporation (“DMC”).

DMC utilizes its affiliated sub-advisers Macquarie Financial commitment Management Austria Kapitalanlage AG, Macquarie Financial investment Management World wide Confined, and Macquarie Investment Management Europe Constrained to deliver portfolio management and investing products and services, as properly as to share expense investigate and suggestions, with regard to the mounted earnings mutual funds that DMC advises. While DMC has principal duty for its portion of the Fund, DMC may well seek expense guidance and suggestions from these affiliated sub-advisers and DMC may possibly also allow an affiliated sub-adviser to execute Fund security trades on behalf of DMC and workout expense discretion for securities in sure marketplaces wherever DMC thinks it will be advantageous to employ an affiliated sub-adviser’s specialized market know-how.

Powerful July 1, 2021, the Fund will be renamed Delaware Ivy Substantial Profits Possibilities Fund.

Deloitte & Touche LLP, located at 1100 Walnut Avenue, Suite 3300, Kansas City, Missouri, the Fund’s impartial registered community accounting agency for its most new fiscal year, audited the economic statements and economic highlights of the Fund. The Board has chosen PricewaterhouseCoopers LLP, situated at 2001 Market place Street, Philadelphia, PA 19103, to provide as the recent unbiased registered general public accounting organization for the Fund.

Prior to the Transaction, Messrs. Harroz and Dobbs and Ms. Lawrence every served as Trustees for the Fund.

Mr. Abernathy has in excess of 30 decades of knowledge in the financial investment management business. In deciding on him to serve on the Delaware Money Board, the Independent Trustees famous and valued his intensive experience as a chief expense officer, director of exploration, trader, and analytical proprietary buying and selling researcher. Mr. Abernathy acquired a B.S. in electrical engineering from Howard College and a Ph.D. in electrical engineering and pc science from Massachusetts Institute of Technologies. Mr. Abernathy has served on the Delaware Funds Board considering that January 2019.

Now the Delaware Cash Board’s Chair, Mr. Bennett has over 30 decades of encounter in the expense administration marketplace, particularly with preset money portfolio management and credit history assessment. He has served in senior administration for a selection of dollars management corporations. Mr. Bennett has also served as a board member of another investment decision company, an academic institution, nonprofit businesses, and for-revenue organizations. He has an M.B.A. from the College of Cincinnati. Mr. Bennett has served on the Delaware Cash Board because March 2005.

Ms. Borowiec has more than 25 years of expertise in the banking and prosperity administration field. Ms. Borowiec also serves as a board member on a number of nonprofit businesses. In nominating her to the Delaware Cash Board in 2015, the Independent Trustees uncovered that her encounter as a Chief Government Officer in the non-public wealth management small business at a main international asset manager and personal financial institution, which include the restructuring of company lines and defining consumer recruitment approaches, complemented the capabilities of present board members. The Independent Trustees also identified that her knowledge would present supplemental oversight skill in the region of fund distribution. Ms. Borowiec holds a B.B.A. from Texas Christian University and an M.B.A. from Harvard University. Ms. Borowiec has served on the Delaware Funds Board considering that March 2015.

Mr. Chow has in excess of 30 many years of encounter in the banking and economical services marketplace. In electing him to the Delaware Cash Board in 2013, the Unbiased Trustees located that his in depth knowledge in small business method in non-US marketplaces complemented the skills of present Delaware Cash Board members and also mirrored the rising importance of world economic markets in financial commitment management. The Independent Trustees also located that Mr. Chow’s administration tasks as a previous Govt Vice President of a top world wide asset servicing and expenditure management organization as well as his knowledge as Chief Danger and Corporate Administration Officer would add valuable oversight techniques to the Delaware Cash Board’s skills. Mr. Chow holds a B.A. degree from Brandeis College and M.C.P. and M.S. in Management degrees from MIT. Mr. Chow has served on the Delaware Funds Board given that January 2013.

Mr. Fry has more than 30 several years of working experience in bigger education. He has served in senior administration for 3 major establishments of bigger mastering which include serving as president of a leading study college. Mr. Fry has also served as a board member of lots of nonprofit corporations and a number of for-income firms. Mr. Fry has in depth encounter in overseeing locations this sort of as finance, investments, chance-management, interior audit, and info technological know-how. He holds a B.A. degree in American Civilization from Lafayette University and an M.B.A. from New York College. Mr. Fry has served on the Delaware Funds Board considering that January 2001.

Ms. Sevilla-Sacasa has about 30 a long time of practical experience in banking and prosperity administration. In electing her to the Delaware Resources Board in 2011, the Independent Trustees of the Have faith in found that her intensive intercontinental wealth management experience, in certain, complemented the capabilities of current Delaware Cash Board users and also reflected the raising importance of worldwide investment decision management not only for greenback-denominated investors but also for traders outside the US. The Unbiased Trustees also observed that Ms. Sevilla-Sacasa’s management duties as the former President and Chief Executive Officer of a main have faith in and wealth management corporation would add a handy oversight skill to the Delaware Cash Board’s abilities, and her comprehensive nonprofit Board encounter gave them self-assurance that she would make a significant, knowledgeable contribution to the Delaware Resources Board of Trustees. Lastly, in electing Ms. Sevilla-Sacasa to the Delaware Cash Board, the Independent Trustees valued her perceived perseverance to consumer service as a final result of her total vocation experience. Ms. Sevilla-Sacasa retains B.A. and M.B.A. degrees from the University of Miami and Thunderbird School of Global Administration, respectively. Ms. Sevilla-Sacasa has served on the Delaware Funds Board since September 2011.

Mr. Whitford has over 25 decades of expertise in the banking and financial companies market, and served as Vice Chairman of a key banking, asset administration, and residential property finance loan banking institution. In electing him to the Delaware Cash Board in 2013, the Unbiased Trustees of the Believe in uncovered that Mr. Whitford’s senior management function in wealth administration and experience in the mutual fund servicing business enterprise would offer useful current management and economical business perception, in certain, and complemented the skills of existing Delaware Funds Board members. The Unbiased Trustees also located that his senior administration part in integrating business acquisitions, engineering, and operations and his previous purpose as Chief Possibility Officer would incorporate a helpful oversight ability to the Delaware Cash Board’s know-how. Mr. Whitford holds a B.S. degree from the College of Massachusetts and an M.B.A. diploma from The Wharton University of the College of Pennsylvania. Mr. Whitford has served on the Delaware Money Board since January 2013.

Ms. Wooden has in excess of 30 yrs of encounter in the investment decision management marketplace. In choosing her to provide on the Delaware Resources Board, the Impartial Trustees mentioned and valued her significant portfolio management, corporate governance and audit committee encounter. Ms. Wood been given a B.A. in economics from Vassar School and an M.B.A. in finance from New York University. Ms. Wooden has served on the Delaware Money Board since January 2019.

Ms. Yeomans has over 28 a long time of company experience with a huge global diversified production business, which includes services as Treasurer for this corporation. In this role, Ms. Yeomans experienced considerable wide-centered financial knowledge, together with world economical danger-management, investments, and mergers and acquisitions. She served as a board member of a for-earnings organization and also is a latest board member of a healthcare facility and a community college system. She holds levels in arithmetic and physics from Connecticut Higher education, an M.S. in mathematics from Illinois Institute of Engineering, and an M.B.A. from the University of Chicago. Ms. Yeomans has served on the Delaware Money Board since April 1999.

Mr. Lytle has in excess of 20 decades of working experience in the investment decision administration business. He has been the World wide Head of Macquarie Financial investment Management because January 2019 and Head of Americas – Macquarie Group considering that December 2017 and he is responsible for all areas of the firm’s company. He joined the firm as President of Macquarie Financial investment Administration – Americas in 2015. Prior to that time, Mr. Lytle served in several govt administration, financial commitment administration, and distribution positions at two important banking institutions. He holds a B.A. degree from The McDonough School of Business at Georgetown University. Mr. Lytle has served on the Delaware Cash Board due to the fact September 2015. Mr. Lytle serves on the board of directors of the Countrywide Affiliation of Securities Gurus (NASP), the Sustainability Accounting Specifications Board, and he is a member of the board of governors for the Financial commitment Organization Institute (ICI). In November 2017, Mr. Lytle was named to the Black Enterprise list of “Most Effective Executives in Company The usa.”

The Fund’s financial investment objective is to find to supply complete return by means of a blend of a superior amount of recent profits and money appreciation. The Fund seeks to accomplish its expenditure aim by investing largely in a portfolio of superior yield company bonds of various maturities and other set earnings instruments of predominantly corporate issuers, together with very first- and next-lien secured loans. There can be no assurance that the Fund will reach its investment aim.

The Fund is a non-diversified, closed-end administration investment decision corporation. The value of the Fund’s shares will fluctuate with current market situations and other variables. Closed-close cash frequently trade at a price cut from their net asset values (NAVs), which may perhaps enhance an investor’s chance of decline. At the time of sale, shares may possibly have a current market value that is under NAV, and could be truly worth considerably less than the first investment upon their sale. The Fund’s investments in beneath financial investment quality securities (frequently referred to as “high generate securities” or “junk bonds”) may perhaps carry a better chance of nonpayment of interest or principal than higher rated bonds. Financial loans (like mortgage assignments, financial loan participations and other personal loan instruments) carry other pitfalls, like the risk of insolvency of the lending lender or other middleman. Loans may well be unsecured or not thoroughly collateralized, may be matter to restrictions on resale and in some cases trade sometimes on the secondary current market.

An expenditure in the Fund is not correct for all traders and is not supposed to be a total expense program. The Fund is created as a lengthy-term expenditure and not as a investing car or truck.

About Macquarie Investment decision Management

Macquarie Investment decision Management, a member of Macquarie Team, is a worldwide asset supervisor with places of work in the course of the United States, Europe, Asia, and Australia. As energetic managers, we prioritize autonomy and accountability at the group amount in pursuit of possibilities that subject for consumers. In the US, retail traders realize our Delaware Resources® by Macquarie as a person of the longest standing mutual fund family members, with much more than 90 a long time in existence. Macquarie Financial commitment Management is supported by the sources of Macquarie Group (ASX: MQG ADR: MQBKY), a international company of asset management, expense, banking, economical and advisory solutions.

Advisory services are presented by Macquarie Investment decision Administration Business Have faith in, a registered investment decision advisor. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliate marketers around the globe. For extra information about Delaware Cash® by Macquarie, stop by delawarefunds.com or get in touch with 800 523-1918.

Other than Macquarie Bank Restricted (MBL), none of the entities referred to in this document are approved deposit-taking establishments for the uses of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not depict deposits or other liabilities of MBL, a subsidiary of Macquarie Team Constrained and an affiliate of Macquarie Financial commitment Administration. MBL does not assurance or otherwise supply assurance in respect of the obligations of these entities, until famous if not.

© 2021 Macquarie Administration Holdings, Inc.

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